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Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. European and North American FDI … is of capital importance. We investigate the FDI-growth nexus in LA allowing for different source countries, regional … heterogeneity, interaction terms with FDI, and more than 20 growth determinants. We use Bayesian Model Averaging to address model …
Persistent link: https://www.econbiz.de/10012723831
. Inward FDI is considered as one of the important catalysts of economic development particularly for the resource and capital … poor countries. In this article we have examined the relationship between inward FDI and economic growth in case of one of … variables like inward FDI, per capita Gross Domestic Product (GDP), employment, capital formation, and exports for the period …
Persistent link: https://www.econbiz.de/10013205977
The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...
Persistent link: https://www.econbiz.de/10011885743
Depuis 2003, le taux de croissance du PIB a été plus élevé en Argentine qu’au Brésil. L’Argentine renoue avec une industrialisation soutenue alors que Brésil connait une tendance à la désindustrialisation. Le taux d’investissement a augmenté, mais insuffisamment, les pressions sur...
Persistent link: https://www.econbiz.de/10011276504
This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence using two existing definitions of convergence and a new testable definition of ?-convergence. Only Dominican Republic and Paraguay were found to pair-wise converge according to the...
Persistent link: https://www.econbiz.de/10009386021
This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and Paraguay were found to pair-wise converge according to...
Persistent link: https://www.econbiz.de/10009493290
The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the specific channels through which high debt affects...
Persistent link: https://www.econbiz.de/10012778208
of tourist arrivals, the trade openness ratio, economic growth, foreign direct investment (FDI), and carbon dioxide (CO2 … causalities running from: (i) renewable energy to CO2 emissions and trade; (ii) tourism to trade and FDI; and (iii) economic … energy, tourism, FDI, trade, and emissions. Thus, renewable energy and tourism are in a strong long-run causal relationship …
Persistent link: https://www.econbiz.de/10012029604
This article analyzes the relationship between GDP growth in seven major Latin American countries and China's demand for their exports. GLS panel estimation using annual data for the period 1994-2013 shows that the relationship was both statistically and economically significant. Control...
Persistent link: https://www.econbiz.de/10012964037
This paper studies the experience of Latin-America [LATAM] with inancial liberalization in the 1990s. The rush towards financial liberalizations in the early 1990s was associated with expectations that external financing would alleviate the scarcity of saving in LATAM, thereby increasing...
Persistent link: https://www.econbiz.de/10014067049